Programs by situationPrograms by situation · South Dakota
5 programs name first-generation homebuyers: 2 city, 3 statewide.5 programs in South Dakota name first-generation homebuyers among the groups they serve: 2 run by a city and 3 open statewide.
Naming a group is one eligibility rule among several. Each program also sets an income limit, a price cap, an occupancy rule and a credit requirement. Being a first-generation homebuyer puts a program on this list; it does not decide whether you can use it.Each program below also sets its own income limit, purchase price cap, occupancy rule and credit requirement. Being a first-generation homebuyer gets a program onto this list; it does not decide whether you can use it.
The 5 programs, closest first
Listed A–Z within each group, not ranked.A city program covers homes inside that city; a county or regional program, homes in its area; a statewide program, an eligible home anywhere in South Dakota. Listed A–Z within each group, not ranked.
Down-payment assistance · Income limit 80% of area median income
Names: veterans, active-duty service members, reservists, surviving spouses, teachers, first responders, healthcare workers and first-generation homebuyers · Homebuyer class required
See details →Assistance grant · Income limit 115% of area median income
Names: veterans, active-duty service members, reservists, surviving spouses, teachers, first responders, healthcare workers and first-generation homebuyers · Homebuyer class required
See details →Silent second
Names: veterans, active-duty service members, reservists, surviving spouses, teachers, first responders, healthcare workers and first-generation homebuyers · Homebuyer class required
See details →Deferred second loan · Income limit 80% of area median income
Names: veterans, active-duty service members, reservists, surviving spouses, teachers, first responders, healthcare workers and first-generation homebuyers · Homebuyer class required
See details →Mortgage credit certificate · First-time homebuyers
Names: veterans, active-duty service members, reservists, surviving spouses, teachers, first responders, healthcare workers and first-generation homebuyers · Homebuyer class required
See details →What to know
From each program’s own record. The agency decides who can use it.Counted from each program’s own record. A program’s agency decides who can use it.
ask for a homebuyer education class.
are limited to first-time homebuyers, as each program defines it.
name an FHA, VA, USDA or conventional loan they can be paired with.
Free help in South DakotaFree help in South Dakota
All 5 of these programs ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through every rule a program sets.All 5 of these programs ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through every rule a program sets, including the ones that have nothing to do with being a first-generation homebuyer. Create a free account to see who’s near you.
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No. These programs name first-generation homebuyers in their eligibility rules, which is why they are grouped here, but every program also sets income limits, purchase price caps, credit and occupancy requirements. Membership in a group is one rule among several.
No. Hey Prescott is an educational directory of down payment assistance programs. We list programs and link to official sources; we do not make loans or give individualized lending advice.
Programs and counts: Hey Prescott program records, each verified with its administering agency (July 2026). Counselors: HUD housing counseling agency list. Hey Prescott is not a lender.